CFTC to Host Cryptocurrency CEO Forum to Discuss Digital Asset Market Pilot Program

According to official announcements, Omnity Network has announced it will gradually cease operations due to depleted operating funds. The platform’s Bitcoin DeFi products, RichSwap and Satsman, will be shut down within the next 30 days. The team urged RichSwap liquidity providers to withdraw their liquidity as soon as possible, stating that it will upgrade smart contracts to remove existing lock-up restrictions, allowing users to access their funds without limitations. A detailed operational timeline and liquidity withdrawal guide will be released in the near future. Omnity added that support channels will remain open for 30 days during the transition period to assist users with relevant operations. Though the project is winding down, core team members will continue to support the Bitcoin ecosystem and plan to participate in its development through personal efforts and developer collaboration organizations.

According to Bitget’s market data, spot gold has fallen below $4,200 per ounce for the first time since August 5, with an intraday decline of 2%.

Digital Asset reports that South Korea’s Financial Services Commission (FSC) is studying the introduction of a market maker system for the virtual asset (digital asset) market. As the current Virtual Asset User Protection Act bans market making activities, the discussions are interpreted as the FSC’s plan to allow such activities in the second phase of its digital asset legislation. Yoo Young-joon, Director of Digital Financial Policy at the FSC, stated on September 28 that the agency will study introducing relevant systems including market making to boost the efficiency and stability of the digital asset market. Currently, the Virtual Asset User Protection Act does not provide exceptions for market making, so such actions may be classified as unfair trading practices like market manipulation and thus restricted. Yoo also noted that the future digital asset basic law will likely strengthen oversight over exchanges, fair trading, corporate governance, and conflicts of interest, while promoting the diversification of the digital asset industry. Specific measures include expanding businesses such as custody, trading, brokerage, asset management, and investment advisory, establishing a digital asset issuance and disclosure framework, advancing the won-denominated stablecoin, and enhancing user protection. Core functions of exchanges—including order matching, token listing, and abnormal transaction monitoring—may also gradually shift from the current self-regulatory framework to the public regulatory system.

According to South Korean media outlet SME Daily, SK Hynix has launched construction on a memory chip factory in Japan, just one month after the firm stated it had "no specific decision yet". Industry insiders revealed that SK Hynix has started groundwork for the semiconductor facility in Japan’s Tohoku region. An industry source noted that it remains unclear whether the plant is being built solely by SK Hynix or in a joint venture with Kioxia, but local foundation construction has indeed kicked off, reflecting SK Hynix’s intention to enter the Japanese market. Additionally, the source disclosed that SK Hynix has recently asked its South Korean domestic component suppliers to expand delivery volumes, indicating the company is actively tackling the tight supply of memory chips.

According to Bitget's market data, spot silver has fallen below $62 per ounce for the first time since August 7, with an intraday drop of 3.60%.

Whales are starting to dump $HYPE! 0xc745 deposited 177,518 $HYPE ($16.08M) into #OKX and #Bybit an hour ago. A wallet linked to Hypersphere Ventures sold 62,869 $HYPE ($5.78M) bought a month ago, making a $2.13M profit!